Markets regulator Sebi has ordered attachment of bank and demat accounts of Pinnacle Ventures India and its eight directors as part of steps to recover dues of Rs 3.85 crore.
The dues include fine imposed on the firm along with interest, charges, expenses and other costs for violation of norms.
The order came after the company failed to refund money collected illegally from investors by issuing preference shares during 2011-12 and 2012-13, collecting around Rs 3.85 crore.
In an attachment order, Sebi has directed banks to attach all accounts including lockers held by the company and its directors.
Similarly, the regulator has directed depositories -- NSDL and CDSL -- to attach all demat accounts of the defaulters.
The watchdog has also asked for various details of the accounts held by the entities, including account statements.
The markets regulator has been given powers to attach properties and bank accounts, among other things, of persons and entities which have failed to comply with directions involving payment of penalties and other dues.
